FIRMA VEREECKE: what changed
FIRMA VEREECKE
Largest movements
- Cash +€63,642
up €63,642 (+160%), from €39,780 to €103,422
mainly Other debts (+€85,000) and Net result for the year (+€50,654)
- Receivables within one year +€40,426
up €40,426 (+614%), from €6,585 to €47,011
of which Trade receivables: +€43,766
- Stocks and contracts -€24,748
down €24,748 (-22.8%), from €108,690 to €83,943
- Tangible fixed assets -€4,561
down €4,561 (-68.9%), from €6,623 to €2,062
of which Furniture and vehicles: -€3,530
- Other debts +€85,000
new in 2025: €85,000
- Profit (loss) carried forward -€34,346
down €34,346 (-61.2%), from €56,147 to €21,801
- Tax, wage and social debts +€10,341
up €10,341 (+93.8%), from €11,030 to €21,371
of which Taxes: +€10,055
- Trade debts +€8,247
up €8,247 (+393%), from €2,096 to €10,344
- Advances received +€5,304
up €5,304 (+76.3%), from €6,949 to €12,253
- Gross operating margin +€61,763
up €61,763 (+82.0%), from €75,279 to €137,042
- Taxes +€12,800
up €12,800 (+209%), from €6,122 to €18,922
- Staff costs +€5,051
up €5,051 (+10.2%), from €49,656 to €54,707
- Depreciation +€1,553
up €1,553 (+51.6%), from €3,008 to €4,561
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,312 | €250,195 | +€74,883 | +42.7% |
| Fixed assets | 21/28 | €6,623 | €2,062 | -€4,561 | -68.9% |
| Tangible fixed assets | 22/27 | €6,623 | €2,062 | -€4,561 | -68.9% |
| Land and buildings | 22 | €419 | €279 | -€140 | -33.3% |
| Plant, machinery and equipment | 23 | €2,673 | €1,782 | -€891 | -33.3% |
| Furniture and vehicles | 24 | €3,530 | €0 | -€3,530 | -100% |
| Current assets | 29/58 | €168,690 | €248,134 | +€79,444 | +47.1% |
| Stocks and contracts in progress | 3 | €108,690 | €83,943 | -€24,748 | -22.8% |
| Stocks | 30/36 | €108,690 | €83,943 | -€24,748 | -22.8% |
| Amounts receivable within one year | 40/41 | €6,585 | €47,011 | +€40,426 | +614% |
| Trade receivables | 40 | €3,244 | €47,011 | +€43,766 | +1,349% |
| Other amounts receivable | 41 | €3,340 | - | -€3,340 | |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,780 | €103,422 | +€63,642 | +160% |
| Deferred charges and accrued income | 490/1 | €3,634 | €3,758 | +€124 | +3.4% |
| Total equity and liabilities | 10/49 | €175,312 | €250,195 | +€74,883 | +42.7% |
| Equity | 10/15 | €151,968 | €117,622 | -€34,346 | -22.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €64,821 | €64,821 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,400 | €7,400 | = | 0.0% |
| Distributable reserves | 133 | €57,421 | €57,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,147 | €21,801 | -€34,346 | -61.2% |
| Amounts payable | 17/49 | €23,344 | €132,574 | +€109,230 | +468% |
| Amounts payable after more than one year | 17 | €3,269 | €3,606 | +€337 | +10.3% |
| Other amounts payable | 178/9 | €3,269 | €3,606 | +€337 | +10.3% |
| Amounts payable within one year | 42/48 | €20,075 | €128,968 | +€108,893 | +542% |
| Trade debts | 44 | €2,096 | €10,344 | +€8,247 | +393% |
| Suppliers | 440/4 | €2,096 | €10,344 | +€8,247 | +393% |
| Advances received on contracts in progress | 46 | €6,949 | €12,253 | +€5,304 | +76.3% |
| Taxes, remuneration and social security | 45 | €11,030 | €21,371 | +€10,341 | +93.8% |
| Taxes | 450/3 | €7,321 | €17,376 | +€10,055 | +137% |
| Remuneration and social security | 454/9 | €3,709 | €3,995 | +€286 | +7.7% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €49,656 | €54,707 | +€5,051 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,008 | €4,561 | +€1,553 | +51.6% |
| Other operating charges | 640/8 | €9,020 | €8,911 | -€109 | -1.2% |
| Gross operating margin | 9900 | €75,279 | €137,042 | +€61,763 | +82.0% |
| Operating profit (loss) | 9901 | €13,596 | €68,863 | +€55,267 | +407% |
| Financial income | 75/76B | €3,515 | €3,737 | +€221 | +6.3% |
| Recurring financial income | 75 | €3,515 | €3,737 | +€221 | +6.3% |
| Financial charges | 65/66B | €2,526 | €3,024 | +€498 | +19.7% |
| Recurring financial charges | 65 | €2,526 | €3,024 | +€498 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €14,585 | €69,576 | +€54,990 | +377% |
| Income taxes | 67/77 | €6,122 | €18,922 | +€12,800 | +209% |
| Profit (loss) for the period | 9904 | €8,463 | €50,654 | +€42,190 | +499% |
| Profit (loss) for the period to be appropriated | 9905 | €8,463 | €50,654 | +€42,190 | +499% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.